Trade – Investment

Coffee export volume in 2016 reached 1.79 million tons, valued at USD3.36 billion, up 33.6% in volume and 25.6% in value over a year earlier, according to statistics of the Ministry of Agriculture and Rural Development.

Prime Minister (PM) Nguyen Xuan Phuc has recognized Tan Uyen town in the southern province of Binh Duong for fulfilling the criteria of new-style rural areas in 2016.

Banking activities in Ho Chi Minh city in 2016 maintained rapid growth compared to the previous years, said Mr. Nguyen Hoang Minh, Deputy Director of the city-based State Bank of Vietnam (SBV).

The Vietnam Post and Telecommunications Group (VNPT) earned over VND133.23 trillion (USD5.86 billion) in revenue and VND4.38 trillion (USD192.72 million) in profit in 2016, up 7 percent and 20.3 percent year on year respectively.

Prime Minister (PM) Nguyen Xuan Phuc has kicked off the construction of the Tam Dao 2 eco-tourism area project in Dai Dinh commune, Tam Dao district, Vinh Phuc province.

Prime Minister (PM) Nguyen Xuan Phuc has directed special mechanisms for the Long Thanh International Airport project in the southern province of Dong Nai.

The gross regional domestic product (GRDP) of Hanoi in 2016 is estimated to rise 8.2% over a year earlier, according to the city Statistics Department.

Total credit outstanding balance in Hanoi hit VND16.11 trillion so far this year, a year-on-year rise of 19.4%, according to the city Department of Statistics.

As of December 15th, Vietnam’s fruit and vegetable export turnover reached USD2.3 billion, while rice export was only valued at USD2.1 billion, according to the General Department of Customs.

The number of newly-established enterprises in 2016 hit a record high, according to the Ministry of Planning and Investment.

A plan has been issued to realize the Resolution of the Da Lat city Party Committee on intensifying hi-tech agricultural development for the 2016-2020 period.

Ho Chi Minh City has proposed building 10 new inland container depots to reduce the overload of traffic on roads as well as enhance connectivity among roads leading to seaports in the city.

As many as 150 domestic businesses are displaying various products at over 300 pavilions of at an industry-agriculture-trade fair which opened in the central province of Binh Thuan on December 24th.

Vietnam ran a trade deficit of USD288 million in the first half of December 2016, however, it enjoyed a trade surplus of more than USD2.59 billion from early 2016 till December 15th, according to the Vietnam Customs.

Prime Minister Nguyen Xuan Phuc has decided to set up a steering committee that will resolve problems with 12 huge projects under the Ministry of Industry and Trade.

Electricity of Vietnam (EVN) on December 20th inaugurated the Lai Chau hydro-electric plant project, one year ahead of the schedule set by the National Assembly resolution.

The southern province of Tien Giang is growing blue dragon fruits on an area of 3,500 hectares, with a productivity of over 100,000 tons, satisfying the demand of the domestic market and for export, and adding an important economic resource for farmers.

Around VND7 trillion (USD311 million) has to be mobilised to restart work on the iron ore project in central Ha Tinh province, a Ministry of Industry and Trade official said.

The Government has approved HCM City’s plans to build two bridges over the Soai Rap River.

Vietnam is attending the 11th Import – Export and One Province One Product Exhibition in Phnom Penh, Cambodia with a national pavilion and 12 booths of its prestigious enterprises.

Prime Minister Nguyen Xuan Phuc praised the military-run Viettel Group as having created a new growth model for Vietnam at a ceremony on December 17th to mark the telecom group’s 10 years investment abroad.

State-run Vietnam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue.

(CPV) - The very first Diplohack in Vietnam, themed “Trust in the Food Chain”, has been co-organized by the Dutch, Danish and Swedish Embassies in Hanoi.

The Ministry of Industry and Trade has decided to remove 12 steel projects from the country’s master scheme by 2025, with an orientation to 2035.

Prime Minister (PM) Nguyen Xuan Phuc has directed the transfer of three public non-business units under the Quang Ninh Department of Agriculture and Rural Development into joint stock companies.

Hoa Lu district in the northern province of Ninh Binh has received the recognition of Deputy Prime Minister Vuong Dinh Hue, Head of the Central Steering Committee for national target programs to be a new-style rural area in 2016.

(CPV) - aT Center Hanoi under the Republic of Korea (RoK) Argo-Fisheries Trade Corporation (the Ministry of Agriculture, Food and Rural Affairs) on December 13th introduced its fresh strawberries to local customers.

(CPV) - The State-owned enterprises restructuring scheme for the 2016-2020 period has received the guidance of Deputy Prime Minister (PM) Vuong Dinh Hue.

By the end of November 2016, overseas remittances to Ho Chi Minh city reached about USD4.3 billion, bringing the figure for the whole year to about USD5 billion, a 10% decrease compared to the estimate of USD5.5 billion, said the city-based State Bank of Vietnam (SBV).

Leading Swedish companies including Ericsson, ABB, and EP joined a press conference in Hanoi on December 8th to introduce their strengths, aiming to seek cooperation with Vietnamese partners.